Taxation and the middle class

[danbrotherston]

Paying taxes != "beating up on".  Nobody is suggesting we literally eat the 500 thousandairs.

You’re focussing on my exact wording and ignoring the main point, which is that the income inequality problem isn’t primarily that there are lots of people who make 2-3 times the average. The main problem is that a tiny, almost invisible, fraction of people are thousands of times wealthier than typical people.

Yes, I completely agree this change to taxation doesn't solve billionaires or wealth inequality generally. And while that is one of the "main" problems in our society, I do think that the lack of progressive taxation on capital gains for high (but not extremely high) net worth individuals is ALSO a problem. And I disagree that progressive taxation is unfair in any way that the phrase "beating up" implies. It is simply paying your fair share.

I also don't think taxation would "solve" billionaires, but I don't think I can say anything else here without getting downvoted.